FAQs

When should we talk to Meta about buying our first home?

The earlier the better! Even if you think you are two to three years away from buying a home, come and talk to us because we may be able to get you there sooner than you think. Whether it’s getting your savings working smarter, or consolidating debts you may have, we’ll give you a greater array of options than you may have considered. 

Which lenders do Meta work with?

We are accredited with all the main banks as well as several other companies that provide mortgage lending. We are seeing more and more clients get really good outcomes with non-bank lenders – think of them as a smaller ‘bank’ that can offer a more individualised solution for you. They are more forgiving in regards to your chosen profession, employment history, loan purpose and will consider your situation even if you do not have impeccable account conduct or credit history for example.

How much can I borrow?

When determining how much you can borrow lenders will look at a number of factors including, your income, credit history and employment circumstances. Each lender has its own criteria when assessing how much you can borrow – we understand that and are experienced at working with multiple lenders to get the best option for you.

What interest rate will you get for my home loan?

Interest rates are set by the lender based on the size of your loan relative to the house price and your deposit. We’ll also help you focus on the best rate at which to pay your home loan to maximise your investment, not just the interest rate yourself.

How long is the pre-approval process?

Once we have your completed information and necessary documentation, we’ll send your application off to a lender within 24 hours. Typically, pre-approval from a lender will take 5-10 working days.

When do I pay the deposit?

This will depend on the method of purchase – auction, tender, private sale. It is generally payable once all the terms in a Sale & Purchase agreement have been met and an ‘unconditional’ offer is accepted by the seller (unless you are required to pay the deposit upon signing the contract).

How do I use my KiwiSaver towards a deposit?

If you are buying your first home and you wish to put your KiwiSaver towards the deposit, then your solicitor must apply to withdraw those funds on your behalf. You will need to allow time for this to happen, typically 12-15 working days, and may wish to include this in the terms of the Sale & Purchase agreement to ensure the funds are in place on time. Don’t worry we’ll guide you through the process when the time comes!

What if I don’t live in Auckland…or New Zealand?

We have helped clients throughout New Zealand buy property, either to live in or as an investment, and provided them with peace of mind by arranging the right type of insurance specific to their needs. If you live outside New Zealand and want to buy? No problem! With the technology available to all of us, it is easy to secure a property ready for you when you choose to return to NZ no matter where you are currently in the world.

Can I use a guarantee?

If you haven’t quite reached a 20% deposit, then your family can guarantee the difference, or the entire 20%! This is capped at 20% of the house price so that they don’t risk losing everything if things don’t work out!

What other costs do I need to consider when buying my first home?

Generally, you’ll need to allow for all or some of; solicitor’s fees, LIM + building reports, registered valuations, house insurance etc. It could be between $2,000-$5,000, but we’ll help you work out a budget to allow for these as part of the overall cost of purchase.

I have heard that personal risk insurance is expensive, how do I decide which is the most important and ensure my family is protected?

That’s the job of a professional Adviser. It becomes a question of discerning which cover types are most important for you, and your family, to minimise the risk of you not reaching your financial goals. The answer to this will differ based on your personal situation, our team will discuss what is right for you and propose effective solutions. The insurers that we deal with, can offer discounts for bundled insurance policies, making better, smarter cover more affordable.

Which lenders, insurance companies and KiwiSaver providers do Meta work with?

We are accredited with all the main banks as well as several other companies that provide mortgage lending. We are seeing more and more clients get really good outcomes with non-bank lenders – think of them as a smaller ‘bank’ that can offer a more individualised solution for you. They are more forgiving in regards to your chosen profession, employment history, loan purpose and will consider your situation even if you do not have impeccable account conduct or credit history for example.

For life & health insurance we work with AIA, Asteron, Cigna, Fidelity Life, NIB and Partners Life.

For KiwiSaver we work with Booster, Generate & NZ Funds.

I am self-employed – do I need to switch to ACC Cover Plus Extra?

‘ACC Cover Plus Extra’ is an alternative – arguably much better, ACC plan available for anyone self-employed. As this is an insurance product, we always recommend seeking advice from the Meta team regarding the benefits to restructuring your ACC. Generally, we will sit with you and show you how to get better, smarter cover with private insurance and make significant savings on your ACC levies.

Mortgages and
First Homes

Protect Your
Wealth

Create Your
Wealth

Some sellers may choose to sell their property privately without a real estate agent. If you are interested in a property that is being sold privately,

Some sellers may choose to sell their property privately without a real estate agent. If you are interested in a property that is being sold privately,

A Non-Bank lender, previously referred to as a 'Second Tier Lender', is an organisation you can borrow money from for a home loan, business purchase or cashflow reasons, construction or property development, debt repayment or finance of an asset.

When you are looking to buy a house there are two separate “deposits” that get discussed.

There is the deposit that you pay to the real estate agent (the purchase deposit) and there is the amount you need so the bank will lend you the rest of the purchase price (the equity deposit) to ensure the lender does not have too higher exposure against the property.

Meta Financial presents top tips for your investment property in New Zealand. Here is expert advice on ways to navigate property investment. TIP #1: Claiming all expenses, even the little ones, accumulate over time and can add up to a significant sum of money.

Saving to buy your first home? These days, how you save is just as important as how much you save. You need to be smarter, innovative, and take advantage of all the options available to you. Here’s something else you need - the smartest financial planning in NZ. And that’s where we come in.

Subscribe to Our Newsletter

Get our latest blog and up to date news on a monthly basis.